The Daily Stat: Will Your Firm Switch to Once-a-Year 401(k) Payments?

Are you having trouble viewing this email? If so, click here to see it in a web browser. HOME   |   BLOGS   |   THE MAGAZINE   |   BOOKS   |   AUTHORS   |   STORE RSS   |   Mobile DECEMBER 10, 2012 Will Your Firm Switch to Once-a-Year 401(k) Payments? 84% of U.S. employers with 401(k) plans currently provide contributions every pay period, with only 9% providing annual lump sums, but more companies may join the once-a-year group now that IBM has taken the plunge, says the Wall Street Journal. Starting next year, workers (except retirees) who leave IBM before Dec. 15 won't qualify for that year's 401(k) contribution, which occurs Dec. 31. Nor will employees be able to benefit from interest or investment returns on the money throughout the year. The move could save Big Blue millions of dollars a year, the Journal says. Source: Benefits Leader Reins in 401(k)s Share Today's Stat: FEATURED PRODUCT Accelerating Change: A PowerPoint Presentation Based on the Work of John P. Kotter PowerPoint Presentation Tapped to lead a change initiative—and afraid it will fail like so many others? You have reason to worry: 70% of change efforts do fail. Here's how to beat those odds—with Accelerating Change, a premium, customizable PowerPoint presentation with detailed leader's notes. You'll help your team embrace John Kotter's proven change process. And save yourself weeks of slide deck creation time. Each slide has extensive talking points for the presenter. And we encourage you to customize the deck—add your logo, insert new slides specific to your organization, adjust existing slides (50 of the 82 slides can be edited), and add talking points. You'll be ready to present the proven 8-step process to your Executive Committee, your change team, and everyone else who needs to buy into your particular change effort. ADVERTISEMENT Follow the Stat: BEST SELLERS HBR's 10 Must Reads: The Essentials HBR's Must Reads Library Set Guide to Persuasive Presentations Guide to Better Business Writing Guide to Getting the Right Work Done PREVIOUS STATS Pain Makes You Indulge Afterward Mom and Dad's Attitude About Risk Affects Kids' Achievement Under-the-Table Is the Way to Get Public Contracts in China Companies' Political Activities Hurt Shareholder Value Materialism Underlies Singapore's Low Birth Rate Why Firms with Female Directors Make Fewer Financial Mistakes Is Paying Down the U.S. Debt a Worthy Cause? Consumers See Worn-Out Money as Yucky and Want to Spend It Raising Corporate Taxes Is Good, not Bad, for Jobs Why You Must Have the Same Brand Salsa for Your Chips Introducing Mobile ManageMentor Powered by the proven content of Harvard ManageMentor™ iTunes >> Android >> UNSUBSCRIBE   |   UPDATE YOUR PROFILE   |   MORE EMAIL NEWSLETTERS   |   PRIVACY POLICY Was this email forwarded to you? If so, sign up to start receiving your own copy. ABOUT THIS MAILING LIST You have received this message because you subscribed to the "The Daily Stat" email newsletter from Harvard Business Review. If at any point you wish to remove yourself from this list, change your email address, or sign up for other email newsletters and alerts, please visit the Harvard Business Review Email Newsletter Preference Center. OPT OUT If you do not wish to receive any email messages from Harvard Business Review, click here. ADVERTISE WITH HBR This enewsletter is read by thousands of decision makers every day. Learn more about connecting your brand with this audience. Copyright © 2012 Harvard Business School Publishing, an affiliate of Harvard Business School. All rights reserved. Harvard Business Publishing | 60 Harvard Way | Boston, MA 02163 Customer Service: 800-545-7685 (+1-617-783-7600 outside the U.S. and Canada)